Cincinnati Financial Corp increased its stake in shares of TJX Companies Inc (NYSE:TJX) by 100.0% in the 4th quarter, Holdings Channel reports. The firm owned 390,000 shares of the apparel and home fashions retailer’s stock after buying an additional 195,000 shares during the quarter. Cincinnati Financial Corp’s holdings in TJX Companies were worth $17,449,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Adirondack Trust Co. raised its holdings in TJX Companies by 100.0% in the 4th quarter. Adirondack Trust Co. now owns 580 shares of the apparel and home fashions retailer’s stock valued at $26,000 after acquiring an additional 290 shares during the last quarter. Westside Investment Management Inc. raised its holdings in TJX Companies by 100.0% in the 4th quarter. Westside Investment Management Inc. now owns 600 shares of the apparel and home fashions retailer’s stock valued at $27,000 after acquiring an additional 300 shares during the last quarter. Edge Wealth Management LLC raised its holdings in TJX Companies by 100.0% in the 4th quarter. Edge Wealth Management LLC now owns 650 shares of the apparel and home fashions retailer’s stock valued at $29,000 after acquiring an additional 325 shares during the last quarter. Sterling Investment Advisors Ltd. raised its holdings in TJX Companies by 100.0% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 660 shares of the apparel and home fashions retailer’s stock valued at $29,000 after acquiring an additional 330 shares during the last quarter. Finally, Lenox Wealth Advisors LLC raised its holdings in TJX Companies by 100.0% in the 4th quarter. Lenox Wealth Advisors LLC now owns 734 shares of the apparel and home fashions retailer’s stock valued at $33,000 after acquiring an additional 367 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Shares of NYSE TJX opened at $52.10 on Friday. TJX Companies Inc has a 52-week low of $39.86 and a 52-week high of $56.64. The firm has a market cap of $64.23 billion, a PE ratio of 24.69, a P/E/G ratio of 1.83 and a beta of 0.66. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.53 and a quick ratio of 0.70.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, February 27th. The apparel and home fashions retailer reported $0.68 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.68. TJX Companies had a net margin of 7.85% and a return on equity of 57.42%. The firm had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.01 billion. During the same period in the prior year, the company earned $1.30 EPS. The firm’s revenue was up 1.5% on a year-over-year basis. As a group, sell-side analysts expect that TJX Companies Inc will post 2.61 EPS for the current fiscal year.

TJX Companies announced that its Board of Directors has authorized a share repurchase program on Wednesday, February 27th that allows the company to buyback $2.25 billion in shares. This buyback authorization allows the apparel and home fashions retailer to repurchase up to 3.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

In related news, Director Amy B. Lane sold 1,000 shares of the company’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $51.79, for a total transaction of $51,790.00. Following the completion of the sale, the director now directly owns 31,092 shares of the company’s stock, valued at approximately $1,610,254.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Several research analysts have weighed in on TJX shares. Zacks Investment Research upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a report on Friday, November 16th. Cowen set a $59.00 price target on TJX Companies and gave the company a “buy” rating in a report on Wednesday, November 21st. Citigroup cut their price target on TJX Companies from $62.50 to $58.00 and set a “buy” rating for the company in a report on Wednesday, November 21st. Nomura cut their price target on TJX Companies from $60.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, November 21st. Finally, Argus raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Thursday, November 29th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $55.06.

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TJX Companies Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, accent furniture, lamps, rugs, wall d├ęcor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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